Philly-Fed index rises to 27.9

19 October 2017, 13:45

Source - SMW

Activity picked up in October, according to the firms responding to the Federal Reserve Bank of Philadelphia's latest manufacturing business outlook survey.
The index for current manufacturing activity in the region increased 4 points to a reading of 27.9 and is now at its highest reading since May.
More than 39% of the firms indicated increases in activity this month, while 11% reported decreases.

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